INTEREST CLAUSE. In order to bring uniformity in all the contracts / agreements entered between BHEL and its contractors / vendors / suppliers / service providers etc., it is hereby advised to incorporate the following clause in all tenders and agreements. “No interest shall be payable by BHEL on xxxxxxx money or security deposit or any money due to the contractor by BHEL.”
INTEREST CLAUSE. If a billing statement balance is not paid in full when due, interest will be charged on any unpaid balance that remains past due beginning on the first day it is past due and continuing until paid at the rate of twelve percent (12%) per annum.
INTEREST CLAUSE. This Agreement is to indemnify the Reinsured in respect of liability, which may accrue to them under any and all policies and/or contracts of insurance in respect of the business produced by the Broker and underwritten pursuant to the FAA, and in accordance with underwriting and claims handling guidelines set out therein. At no time shall the Reinsured accept or underwrite business not provided for in the FAA for this reinsurance.
INTEREST CLAUSE. It is legally and ethically proper to charge interest on fees. If the attorney elects to do so, this clause provides appropriate language. Please keep in mind that interest, if charged, must be reasonable so as not to violate either the prohibition against unconscionable fees nor the usury provisions of the California Constitution. It must be simple interest, made a part of the agreement, and separately stated as an increment on the monthly or other periodic billing. Generally, interest should begin running only after a certain specified period, i.e., thirty, sixty or ninety days after the billing invoice is rendered, if not paid within that time. If the Agreement uses the terms “finance charges,” “late fees,” “penalty payment” or anything other than simple interest, this may create problems with the Federal Truth In Lending Law and the California Xxxxx Act.
INTEREST CLAUSE. It is legally and ethically proper to charge interest on fees. If the attorney elects to do so, this clause provides appropriate language. Please keep in mind that interest, if charged, must be reasonable so as not to violate either the prohibition against unconscionable fees nor the usury provisions of the California Constitution. A periodic interest rate that does not exceed 10% per annum simple interest should not violate California’s usury law. Generally, interest should begin running only after a certain specified period, i.e., thirty, sixty or ninety days after the billing invoice is rendered, if not paid within that time. July 24, 2015 Instructions and Comments
INTEREST CLAUSE. In the event that any amount owed to TBWB is not paid when due, such amount will bear interest from the due date until paid at the rate of 1.5% per month, calculated on the basis of a 30 day month, or the maximum amount permitted by applicable law, whichever is lower.
INTEREST CLAUSE. In the event that any amount owed to TBWBH/P&M is not paid when due, such amount will bear interest from the due date until paid at the rate of 1.5% per month, calculated on the basis of a 30 day month, or the maximum amount permitted by applicable law, whichever is lower.
INTEREST CLAUSE. A reasonable and legal rate of interest is permissible and may be charged on past due fees. Any interest charged must be reasonable so as not to violate either the prohibitions against unreasonable fees per Rule 4- 1.5(a) or the usury provisions of the Missouri Constitution and Section 408 of the Revised Statutes of Missouri or any subsequent modifications thereof. If interest will be charged on late payments, the agreement must include terms that comply with all state and federal laws related to charging interest. Even if not required by such laws, Rules 4-1.4 and Rule 4-1.5 require that the terms of such charges be clearly described in the agreement.
INTEREST CLAUSE. Any payment of the Gross Settlement Amount made later than the deadline set forth in Section III.C of this Agreement will incur interest at the rate of 10% per annum. Any such interest accrued will be distributed to Participating Class Members or otherwise as the Court directs.
INTEREST CLAUSE. The economic interest of the Employer and the Employees is better served through the expressed cooperation of the Employer and the Union. Close contact and a mutual sympathetic interest between the Employer and the Employees will develop a better working system which will tend to constantly improve distribution, production and service, while improving the relationship between the Employer, the Employees and our customers.
